Thursday 26 November 2015 | RSS



    News stories featuring Alibaba:

    India’s Paytm moves into banking

    November 12th, 2015

    Indian mobile wallet provider Paytm is to hire 3,000 people to roll out its payments bank services by the first quarter of next year. “The structure of the executive committee for the payments bank is being given shape, while Paytm awaits a final nod from the Reserve Bank of India,” The Times of India reports. The company agreed a “strategic investment” from Alibaba and its affiliate Ant Financial in September.

    Noor Bank offers wearable payments in Dubai

    November 12th, 2015

    UAE’s Noor Bank and Yvolv, a joint venture between Alibaba and Dubai holding company Meraas, have introduced Yvo, a mobile app that allows users to make in-store payments using mobile phones and wristbands. “Users will have an option to top-up their Yvo Mobile Wallet using cash, their existing credit cards, direct bank account transfers or by transferring funds from one wallet to another,” Emirates news agency WAM reports.

    Alibaba and Ant Financial make “strategic investment” in India’s Paytm

    September 29th, 2015

    Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications…. More

    China’s FiiSmart to develop smartwatch that supports Alipay

    September 28th, 2015

    Shenzhen-based wearable device maker FiiSmart has launched a campaign on ecommerce giant Alibaba’s Taobao Crowdfunding website for a smartwatch that will support Ant Financial’s mobile payment platform Alipay and allow its wearers to make payments… More

    McDonald’s to accept Alipay in more than 2,100 restaurants in China

    September 24th, 2015

    Chinese customers of fast food chain McDonald’s will soon be able to use Ant Financial’s Alipay QR code mobile payment platform to pay for their food and drink in more than 2,100 restaurants. The roll-out… More

    China moves to open up mobile payments services

    August 4th, 2015

    People’s Bank of China has proposed new regulations that could force internet companies Alibaba, Tencent and Baidu to offer each others’ online payment services alongside their own. “If payment services from social networking and online entertainment firm Tencent and search firm Baidu are offered on Alibaba’s ecommerce sites, users could opt to use those,” Reuters reports. “Alternatively, Alipay could cement its dominance if customers opt to use it on rivals’ platforms.”

    Reserve Bank of India asked to increase mobile wallet limit

    July 17th, 2015

    One97 Communications, owner of mobile payment platform Paytm, has asked Reserve Bank of India (RBI) to increase the limit on money that can be kept in a mobile wallet to Rs 25,000 (US$393) from Rs 10,000 (US$157). “One97 Communications, which has investment from the Alibaba group, is also building a mobile marketplace and aims to have half a billion Indians on the Paytm platform before 2020,” Times of India reports.

    Alipay 9 launches with support for Koubei merchant payments and P2P transfers

    July 8th, 2015

    Ant Financial has released a new version of its Alipay app for iOS and Android, adding new Friends and Merchants tabs that provide support for peer-to-peer payments and for Koubei, the US$1bn mobile commerce joint venture between Ant Financial and Alibaba that was announced last month. More

    KFC China restaurants to accept Alipay mobile payments next month

    June 30th, 2015

    Nearly 5,000 KFC China fast food restaurants will accept Alipay mobile payments next month, following in the footsteps of Walmart which is rolling out support for the service in all of its Chinese stores by the… More

    Alibaba and Ant Financial invest nearly $1bn in Koubei mobile commerce platform

    June 24th, 2015

    Chinese e-commerce giant Alibaba and Alipay parent Ant Financial have each invested RMB3bn (US$483m) into Koubei, a joint venture that will let consumers order and pay for local services in China using their smartphone, “with an… More

    Face++ raises $25m for selfie payments

    May 19th, 2015

    Face++, the Chinese facial recognition technology startup behind Alibaba’s selfie payments service, has secured an additional $25m in a series B funding round, taking the total raised to $47m. Existing investors Qiming Venture Partners and Innovation Works contributed to the round, the company told TechCrunch.

    Alibaba signs up brands for QR-like dotless visual codes

    May 18th, 2015

    Chinese ecommerce giant Alibaba has launched a platform for brands and product manufacturers that will enable them to place “dotless visual codes” on product packaging so that consumers can scan to check a product’s authenticity… More

    Alibaba checks in simple hotel booking

    April 1st, 2015

    Hotel customers with high credit scores will be able to book rooms on Alibaba’s online travel booking platform Alitrip without having to provide their credit card for room deposits and bypass check-out with payments automatically deducted from their Alipay accounts. The Post Post Pay service, launched by Alitrip and Sesame Credit, the Alibaba-related Ant Financial Services Group credit agency, will be available in some 5,500 hotels in China, Alizila reports, including Starwood, Shangri-La, Jinling, New Century and Landison.

    Alibaba boss demonstrates selfie payments

    March 16th, 2015

    Alibaba founder and executive chairman Jack Ma has demonstrated a prototype biometric verification service that could enable a payment to be authorized by simply capturing an image of a mobile phone user’s face. More

    Apple Pay hits delays in China

    February 16th, 2015

    “Apple Pay has hit bumps in China despite Apple’s efforts to make friends with Alibaba and UnionPay,” Caixin reports. Talks between Apple and the national payments network, which were due to lead to an agreement in March, “have stalled”, the report adds, while Apple still has regulatory hurdles to overcome as “it’s unclear whether the product meets the government’s requirements for a commercial operation”.

    Alibaba invests in visual QR codes

    January 20th, 2015

    Chinese ecommerce giant Alibaba has invested an undisclosed sum in Israeli start-up Visualead, developer of the “visual” QR code technology adopted by Chinese social media site RenRen in May last year. The companies have also… More

    Alibaba to buy Paytm?

    January 15th, 2015

    Alibaba is in advanced talks to buy an approximately US$500 million stake in One97 Communications, the parent company of Indian mobile payment platform Paytm. “Both Alibaba Group Holding’s e-commerce arm and its online payments unit Alipay are set to participate in the transaction, which will conclude later this month,” the Financial Times reports. When NFC World+ contacted Alibaba for information the e-commerce giant said it has “no comment to offer on this matter”.

    A million consumers sign up for Apple Pay in first 72 hours

    October 28th, 2014

    Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba. More

    Alipay Wallet hits 190m users

    October 22nd, 2014

    Alibaba-owned online payments giant Alipay’s Alipay Wallet app now has 190 million active users in China who use the solution to shop online via their smartphones, pay bills and pay for public transport. The company handles over 80m transactions daily, of which 45m are mobile transactions, and Alipay has partnered with more than 200 financial institutions.

    Alipay tests NFC ticketing

    June 20th, 2014

    Alibaba-owned online payments giant Alipay has launched an NFC ticketing service, ECNS reports. The new All Pass service lets NFC phone owners in China use one prepaid account to pay for transit rides in multiple cities, ECNS says, and can currently be used with three Oppo phone models to make payments in 35 cities. Further NFC phones and 25 more cities are to be added by the end of this year.

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